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Archer instead joined a segregated Army Air Corps unit at the Tuskegee, Ala., air base, graduating from pilot training in July 1943. After he retired from the military in 1970, Archer joined General Foods Corp., becoming one of the era's few black corporate vice presidents of a major American company. He ran one of the company's small-business investment arms, North Street Capital Corp., which funded companies that included Essence Communications and Black Enterprise Magazine, according to his son and Brown. Archer was an adviser to the late Reginald Lewis in the deal that created the conglomerate TLC Beatrice in 1987, then the largest black-owned and -managed business in the U.S. After retiring from General Foods in 1987, Archer founded the venture capital firm Archer Asset Management. Archer is survived by three sons and a daughter. His wife, Ina Archer, died in 1996. Services have yet to be announced.
[Associated
Press;
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